Executive Pay

The gap between pay for U.S. chief executive officers and the people who work for them has widened sevenfold in three decades. Are bosses seven times smarter these days? Company boards seem to think so. They say that the pay packages they award result from fierce competition for talented and valuable managers leading larger organizations, and that pay is tied to performance. Critics argue that rising pay comes from strong-arming by executives who take more out of the economy than they put back in. They’re abetted by pliant directors, according to Warren Buffett, who calls them less “Doberman” than “Chihuahua.”

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Πηγή: bloomberg.com

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